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Search Results 0 to 25 of about 26 (some duplicates have been removed)
captioning sponsored by macneil/lehrer productions >> brown: good evening. i'm jeffrey brown. the u.s. treasury and insurance giant a.i.g. unveiled a plan today to speed up the repayment of more than $100 billion in federal bailout money. >> suarez: and i'm ray suarez. on the "newshour" tonight, economic writers louise story of the "new york times" and roben farzad of "bloomberg business week" weigh the pluses and minuses of the deal. >> brown: then, kwame holman looks at the down-to-the-wire scramble as congress pushed to adjourn just weeks ahead of the midterm elections. >> suarez: judy woodruff talks to speaker of the house nancy pelosi about the battle over tax cuts and the stakes for democrats in november. >> our members left congress last night. they are confident that they would return in the majority. >> brown: special correspondent miles o'brien reports on a mississippi community's plan to use stimulus money for mass transit in rural areas. >> suarez: betty ann bowser updates the johnson and johnson story as company executives and the f.d.a. come under fire on capitol hill fo
's collapse and the ensuing crisis led to a new push to make banks safer. in the u.s. a sweeping financial reform bill signed into law in july imposed stricter capital requirements on banks, yet largely left u.s. regulators to determine those levels. now new international standards may be on the way. this weekend in basil, switzerland, central bankers from 27 countries including ben bernanke agreed to new rules that included substantially raising amount of capital that banks must hold in reserve. banks in the u.s. currently must hold about 2% of their assets in capital or equity to absorb losses in the event of runs or financial panics. under the so-called basil-3 agreement the new international standard would be 7% of assets. but banks would have until 2019 to implement it. the head of the european central bank said the move would help protect against another meltdown. >> what we have decided is commensurate to permit when we have all the standards in place to make the banking sector at a global level much more resilient. and i would say we think we are commensurate to the shocks that we
, the engine that connects us. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: the president accused the republicans of being fiscally irresponsible, but admitted that his own policies have not worked as quickly as hoped. congressional correspondent kwame holman reports. >> we got some business to do today. >> reporter: just eight weeks from election day, the president made his pitch in cleveland today to help the sputtering u.s. economy >> that means making long-term investments in education and clean energy; in basic research, technology, and infrastructure. >> reporter: and he also took a stand against extending the bush era tax cuts for the top 2% of earners, setting up a pre- election fight with republicans in congress. he accused the g.o.p. of being mr. obama repeatedl
the country would say, "we're not there yet." if the election is about the policies that are going to move us forward versus the policies that will get us back into a mess, then i think the democrats will do very well. >> holman: one such policy is mr. obama's push to extend middle-class tax cuts, something he argued should garner bipartisan support. >> 97% of americans make less than $250,000 a year... $250,000 a year or less. and i'm saying we can give those families-- 97%-- permanent tax relief. now, that seems like a common- sense thing to do. and what i've got is the republicans holding middle-class tax relief hostage because they're insisting we've got to give tax relief to millionaires and billionaires to the tune of about $100,000 per millionaire, >> holman: on health care, the president was pressed about a government report showing health care costs on the rise. that, despite the passage of legislation aimed at bending down the cost curve. >> we didn't think that we were going to cover 30 million people for free, but that the long-term trend, in terms of how much the average family i
, who covers capitol hill for "the new york times." thanks for being back with us. so what's this delay all about? >> well, the senate clearly doesn't want to get embroiled in this issue before the election. it's just too unpredictable and the story line for democrats is clean, as things stand now. they're making the case that republicans would block tax relief for the middle class to hold out for tax break force the wealthy. republicans, of course shall want to extend those tax cuts for everyone. and so it's easier in the view of democrats to push this until a lame duck session. the political situation will obviously be less intense then. but as you said, the house speaker today left open the possibility of forcing a vote. and that could get really interesting next week. >> woodruff: now why the different calculus in the senate and in the house. >> the calculus probably isn't different. the conventional wisdom still is that in the end the house will decide to go home and campaign without taking this vote. but there's no reason for speaker pelosi to relent right now when she thinks she'
Search Results 0 to 25 of about 26 (some duplicates have been removed)